What is a Restrictive Covenant?
A Restrictive Covenant is a contract (eg between the government and the developer) that places restriction on your property.
A Restrictive Covenant is registered on Title and a buyer must abide by the restrictive term.
You should know any Restrictive Covenant before purchase.
Your house is restricted to follow a color scheme to match the neighbourhood. (A typical Restrictive Covenant)
You are prohibited from purchasing properties in particular neighbourhoods because of your race or religion.
This prohibition can be stipulated in a restrictive covenant but it is
not enforceable anymore because it is contrary to Canadian law.
A Restrictive Covenant is a contract (eg between the government and the developer) that places restriction on your property.
A Restrictive Covenant is registered on Title and a buyer must abide by the restrictive term.
You should know any Restrictive Covenant before purchase.
Your house is restricted to follow a color scheme to match the neighbourhood. (A typical Restrictive Covenant)
You are prohibited from purchasing properties in particular neighbourhoods because of your race or religion.
This prohibition can be stipulated in a restrictive covenant but it is
not enforceable anymore because it is contrary to Canadian law.
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